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Life Insurance

Accelerated Benefit Claims

The Accelerated Benefit Option gives terminally-ill SGLI, Family SGLI and VGLI policyholders as well as TSGLI claimants access to the death benefits of their policies before they die. The member may receive a portion of the face value of the insurance in a lump sum payment.

Eligibility

A member is eligible to receive an Accelerated Benefit if he/she or a covered spouse has a valid written prognosis from a physician of 9 months or less to live.

Only the insured member may apply for an Accelerated Benefit. No one else can apply on the member's behalf. In the case of a terminally ill spouse, only the member may apply for accelerated benefits.

Amount Available

The amount of Accelerated Benefit available to a member is up to 50% of the face value of the member's insurance coverage. If a member elects less than the maximum, the amount requested must be in increments of $5,000.

Remaining Insurance Value

The remaining portion of the face value of insurance which is not paid in a lump sum as an accelerated benefit is payable to the member's designated beneficiary or beneficiaries upon his or her death. In the case of a terminally ill spouse, the remainder of the insurance is payable to the member upon the spouse's death.

How to Apply

The application contains one part to be completed by the insured and a second part to be completed by the insured's physician. In addition, the branch of service for active duty Servicemembers must complete part of the form.

Send the completed application to:
Office of Servicemembers' Group Life Insurance
80 Livingston Avenue
Roseland, NJ 07068-1733

Additional Information

For more information, read chapter 5 of the SGLI VGLI Handbook, or contact OSGLI.

FAQs